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Guideline Value

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Guideline Value for Thiruvalluvar Nagar 12th Main Road Extension

₹2700/sq.ft.

The guideline value for Thiruvalluvar Nagar 12th Main Road Extension in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Thiruvalluvar Nagar 12th Main Road Extension

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Thiruvalluvar Nagar 12th Main Road Extension guideline value

The current guideline value for Thiruvalluvar Nagar 12th Main Road Extension is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Erukancherry village and falls under the Madhavaram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Thiruvalluvar Nagar 12th Main Road Extension has changed

The guideline value for Thiruvalluvar Nagar 12th Main Road Extension has undergone several revisions over the years. The oldest figure available is from 2012, where it was Rs 2,300 per sq.ft. In 2017, it decreased to Rs 1,675 per sq.ft, marking a decline of 27%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, which was a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, making the guideline value for Thiruvalluvar Nagar 12th Main Road Extension above the median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 12th Main Road Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Thiruvalluvar Nagar 12th Main Road Extension?

The Sub Registrar Office that covers Thiruvalluvar Nagar 12th Main Road Extension is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Erukancherry

The guideline value plays a crucial role during the registration process when buying or selling property in Erukancherry. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar 12th Main Road Extension?

The current guideline value for Thiruvalluvar Nagar 12th Main Road Extension is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers this area?

The Madhavaram Sub Registrar Office covers Thiruvalluvar Nagar 12th Main Road Extension, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Thiruvalluvar Nagar 12th Main Road Extension?

The land classification for Thiruvalluvar Nagar 12th Main Road Extension is Residential Class II Type - I.